New Britain Herald Newspaper, May 20, 1922, Page 13

Financial News WALL STREET STOCK EXCHANGE REPORTS H.Igh Low 44 42 161% 8y 114% 66% 78 % 354 122 140% 92 K5 % 1003 37% 117% 41% 8 142% 40% 87 26% 45% 22% 818 118 % 101% 73% 16% 835 13% 22% 1648% 14% 41 % 42% 2% 4% 23% 833 50 64 17% 51% 513 38 11% 6414 136 Ny 23% 908, 325 10734 7 32% 6614 411 19% 6214 17% 81 71 63% 245% 1% 243, 120Y 481 33% 73% 168, 139% 66% 5% 543 643, 101% 118% 6755 8 Close 4“4 48 1482 28 114% 65% 761 % 121% 141 225 55 % 1003 37% 117% 48% 8% 143 40% 673 28% 46% 228 31% 116% 1015 3% 17 83% 16 4% 1648 14% 41% 7% 42% 2% 4 2314 Am Beet Sugar Am Can Am Cor & Foun Am Colton Ofl Am Locomotive Am Bmelt & Re Am Bug Re Com Am 8um Tob . Amn Tel & Teil . Am Tob . Am Woo! Anaconda Cop . Atch Top & 8§ F At Guit & W T Paldwin Loco . Raltimo & Ohio RBeth Stee! B ., Canadian Pnclflc 148 % Cen Leather Co 40% Ches & Ohlo .. 67% Chl Mil & 8t P 28% Chi RIsl & P . 48% Chile Copper .. 227% Chino Copper . 313% Consol Gas ..., 118% Corn Prod Ref 1018 Crucible Steel . 74% Cuba Cane Sug 17 Endicott-John . 83% Erie s 1] § . Erie 1st pfd ®. 24y Gen Electric .. 165% Gen Motors ... 14% Goodrich (BF) 41% Gt Northern pfd 78% Insp Copper .. 427% Interboro Con . 2y Inboro Con pfd 5 Int Mer Marine 24Y% In Mer Mar pfd 235 Allis-Chalmers . 50 Pacific Oil .... 64% Int Nickel ..... 18% Int Paper ..... 52 Kelly Spring Tire 525 Kennecott Cop . 387% Lack Stee] .... 78% Lehigh Valley . 6514 Mex Petroleum 13713 Midvale Steel .. 42 Missouri Pacific 24% N Y Central .. 91 NYNH&H 35y Norfolk & West 1071 North Pacific EA Pure Oil 33 Pan Am P & T 67% Penn R R ..... 41% Pierce Arrow .. 20 Pittsburgh Coal 62% Ray Con Cop .. 18 Reading . .. 82 Rep T & 8 ... 73 Royal D, N Y .. 64 Sinelair Oil Ref 36% South Pacific .. 92 South Railway . 25 Studebaker Co. 121 Texas (o 48 1% Texas & Pacific 35 Tobacco Prod .. 743 Trans Oil 17 Union Pacific ..140 United Re St... 677% U 8 Food Pred 51 U S Ipdus Alco 547% T 8 Rubber Co 65% U S Steel U § Steel pfd . Utah Copper Willys Overland c 1623 28% 114% 11 764 37 118% . 68% 5% 166 122 175 20 14 Hfd Elec Light . Bouthern N E Tel Am Hardware ... Biflings & Spen. com . Bristol Brass Colt’s Arms . " Eesgle Lock Landers, T N B Machine .... Niles-Be-Pond com . North and Judd Peck, Stow & Wil Ruyssell Mfg. Co Scovill Mtg Co ... Standard Screw .. Traut & Hine Union Mfg Co Stanley Works Aetna Life Travelers .. Mrs. Belle Richmond, now the lead- ing fur merchant of Tacoma, began work as a furrier in Scotland when she was aflittle girl. e S Deposit In This Mutual Savings Bank Paying 4Y5% Interest SAVINGS BANK _ Of New Britain Organized 1862 Asscts $12,960,390 Open § to 3. Saturdays 8 to 11 Monday Evenings 6:30 to 8 STANDARD TIME FOX'S—Mon., Tues., Wed. “ARABIAN LOVE” Remember “The Sheik?” You'll Like This Just As Well BE OPTIMISTIC; “Talk about musiclans and actors being terpperamentall They cangot beat the average business man who is up today and down tomorrow. Witnin a period of sixty days he will |be & pesaimist, an optimist, and back again to a pessimist, when all the time nature is slowly but surely fol- lowing its natural course,” said Roger W. Babsgon In his weekly |nlervlew on business conditions. Improvement In Au;ust “A year ago business men were very pessimistic; then came n tem. porary upturn in business and follow- ing the lead of certain federal officials and prosperity boomers, they became optimistie. Since, however, these prosperity forecasts have not matur- cd, they are again down in the dumps. How long will it take us to learn that presidents don't make business, but rather business makes presidents, It present time partly on account of the late wet spring, partly due to the floods of the south, partly due to the strikes in New England and New York state, and partly due to the upset con. ditions in Europe. When, howsver, business is looked upon from & long range it will be seen that it is pass- ing through only a natural readjust- ment which takes always considerable time. I stated over two years: ego that no permanent improvement could be expected before August, 1922, and I still fee] that way. Even after the corner turns in the*summer or fall of this year, it will be a slow although a steady climb upward. Silks Going Good “On the other hand, as all indus- tries were not hit at the same time, they will tend to come back at dif. ferent times. The industry that was first hit will be the first to come back. This was the silk industry and a change for the bhetter is already in evidence. The industry which was most suppressed during the war wil] show the greatest recovery during the next few years; indeed, it {s already recovering. I have in mind the build- ing industry. There is a marked in- crease in'the demand for all build- ing materials, notably lumber, - al. though iron and steel are sharing in the building boom. The sales of hardware and paints have increased. If labor does not become too hungry for increased wages, this spurt in new building may develop into a real thoom. Autos To Come Back “Another industry which should quickly show better employment f{s the automobile industry, especially the makers of the more expensive cars. These makers were the first to be hit and these should b the first to come back. ‘ Following booms in the stock market the makers of expensive cars and other semi-luxuries always ex- perience good business. For the first time in two years and a half, rubber factories at Akron are advertising for help. This same improvement in the employment situation is noticeable also In certain steel centers such as Youngstown, Ohi6, and hardware cen- ters such as Ansonia, Conn., where a wage increase of 15 per cent went in- to effect May 16th. “Commodity prices are likewise ad- justing themselves naturally. Those products which were first to decline such as cotton, sugar and lumber are showing a hardening tendency, while other products such as furs, that were bought by the masses during the war in great quantities, are showing continued declines. 25 Per Cent. Improvement “At the recent fur auctions, silver fox was 25 per cent lower than in February, marten 40 per cent lower, and other furs are falling in propor- tion. Better still, the ‘cost of living as a whole is still on the decline. A man can purchase for 75 cents today what cost him a dollar a year ago. Retail sales are holding up very well, the mail order houses are showing in- creases, western shoe manufacturers are busy, and furniture factories are working on a liberal schedule. Even coal production is holding up fairly well. “All of this means that there is no reason why the banker, manufactur- er, or merchant should be a pessi- mist or an optimijst today. Neither the prosperity hoomers nor the ca- lamity howlers should be followed. Business has not yet turned the cor- ner, but it is naturally and steadily approaching the cormer. No nation could go through the great industrial development ‘which this country ex- perienced during the war without a natural reaction. This reaction we are passing through today. We have already reached the end of the de- cline in the security markets. These | markets are well on their way up- ward. Within a few months, con- |cluded Mr. Babson “we should reach | the end of the decline in pgeneral busi- ness. Honesty, thrift, industry, and |the spirit of service will hasten the day.” is true that conditions are dull at the |, NEW BRITAIN DAILY HERALD, SATURDAY, MAY 20, 1922, ECONOMIST URGES BUSINESSMEN TO SEES BETTER FUTUE The trend of general conditions shows an improvement of 2 per cent, during the last week. General busl- ness now stands at 13 per cent, below normal. FORD SELS 6,000,0001H CAR Watches Installation of Motor in His Big Plant Detrojt, May 20.~~Twenty years ago Henry Ford made his first automobile Yesterday morning he stood in his factory in Highland park and saw the motor for car No, 6,000, 0 assembled Soon afterward the motor was install- ed and another completed automohile was rolled out of the shop. It is estimated that 4,200 cars are being turned out dally at the Ford plant. DENTES CRIME WAVE EXISTS Kirchwey Says Figures for Three Months Are Lower Than in 1931 Philadelphia, May 20,—There 15 no crime wave today, George W, Kirchway, Director of the State Penal Reform society and former Warden of Bing S8ing, sald today in an address before the City elub, lew statstics shows, “that the actual volume of crime for the first three months of this year was less than for the corresponding montha of the year before.” TRAPSHOOTERS GET GOING Opening Tvent of the Season Ts Held Today at Norwalk The 1922 season of the Connecticut Trapshooting association opened this afternoon at Norwalk with a fine pro- gram. Twenty prizes were offered in four different classes. June 20, an old fashioned barhecue will be held at Hartford, in conneec- tion with the second trapshooting tournament, The New Haven club has arranged a fine time to be held at the Elm On Baturday, | uly The sta oot will [be heid at Bridgeport on July 28 and 20, and on August 12 at Danbury, | Senator Balley will entertain the membhers, One of the big affairs of the season has been arranged at Bridgeport on September 23 The Aguilla Gun club of Pawcatuck, ha {been enrolled as a member of th AT'I";SDI\V. (‘O\W«NTIO\' A. 8, Jourdan, general manager of the local division of the Connecticut Light & Power cémpany, the convention of the National Elec- tric Light association, at Atlantic City. Mr, Jourdan |s delegate of the Con- necticut district. The Her Classified Page is a huge used car market, The Hartford-Connecticut Trust Company Corner Main and Pearl Capital $2,000,000.00, Streets, Hartford, Conn. Surplus Funds $2,000,000.00 Safe Deposlt Boxes, $5.00 and upwards. Settlement of Estates, Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail, It is safe and saves time. We Accommodate Small Borrowers— We are accepting through our Industrial Loan De- partment, applications for loans in amounts of $25.00 and upwards. Loans through this department are granted to any person of good standing, with satisfactory endorse- ments or acceptable collateral, and are payable by the week or month, Detailed informaticn regarding this “Plan” gladly furnished on request. Open Saturday Evenings 6 to 8 Standard Time Safe Way to Borrow Money — We Lend Money On NOTE, and HOME FURNITURE, incomes, without inquiring of employers. PAYABLE IN B to 15 MONTHLY INSTAL) based upon actual unpaid balances, for the without removal, Also lend to Property owners TS, or AS DESIREL ACT TIME YOU HA CONFIDENTIAL CONSCLTATION fo persons having steady emplovme nt PAW o WFUL C] lHl(( ES u\l.x. THE MONEY. BANK-LIKE SERVICE is financed and directed by business and professional men; ICE, and not solely for profit; cov; RTFOIS DEALT TIONS PL, [ES INV ITFD Qul HOU US, NEW BRITAIN 1.9 Beneflclal Loan Society ROOMS 104-5 Licensed, and Supervised, by State THIS INSTITUTION AND HELPFUL; STRIC] COMED; CONCE VERY FAIR, EW BORROWERS W \\’Hl HELP YOU sl)l\h YOUR PROBI A’rlknni 9 to 1, CALL PERSONALLY, or WRITE, 3. OVESSIONAL BLDG. (‘L(l?\l) FLOOR, RIGHT). Bank Commissioner. Bonded to conducted in a spirit of pubiic SCRV- ¥ CONFIDENTIAL AND YOUR OBLIGA- PRIVATE INQUIK- RATE S5 10 $300 or 'PHONE 87 WEST MAIN STREET the State of Connecticut, To carry a checking account in a responsible BANK like this, is a sure way of making the right kind of a start. We are soliciting your business on our record of over 35 years. Come in and talk the matter over with us. Open Saturday Evenings, 7 to 9 o’clock Connecticut Tra plhnollu. assoclation 18 attending | | PUTNAM & CO. Members New York Stock Txchange Membeps Hartford Stock Exchange (Successors to Richter & Co.) 6 Central Row, Hartford, ( NEW BRITAIN OF We Offer: a0 shs Stanley Works. 50 shs Landers Frary & Clark, * Tel. Charter 3600 CE, 31 W, MAIN STREET JUDD & CO. MEMBERS HARTFORD STOCK EXCHANGE HARTFOR Hartford-Conn. Trust Bldg,, Tel. Charter 6330 NEW BRITAIN: 23 West Main St., Telephone 1815, e WE OFFER AND RECOMMEND 100 Shares Stanley Works common omsomn, wenn . NEW BRITAIN HARTFORD New Britain National Bank Bldg. 10 Central Row Telephone 2580 Telephone Charter 1000 DONALD R. HART, Manager Mermber Hartford Stock Member N, Y. Stock Exchange Exchiange. We Offer American Hardware Price On Application. JOHN P. KEOGH Member Consolidated Stock Exchange of New York Hate STOCKS NBrid;:aport anbury 3 ew Haven - Middletown BONDS Springfield Direct Private Wire to New York and Boston G. ¥. GROI'F, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1013 Waterbury Start a Savings Bank Ac- count (and it may be done with just one dollar) and explain it to your child. Encourage the weekly pennies saved, to go into the home bank. Add to it occasionally,andwhen the funds are sufficient to be transferred to the bank account take him or her with you to make the de- posit. Teach your child to beasmuchat homein a banl, as in a church or school. We Pay 4145% Interest Burritt Savings Bank Corner Church and Main Eeaae—1 | For Quick Returns Use Herald Classified Advs.